Equity
-€23,486
Debts exceed assets in financial year 2024.
ASMO
Lifetime
13 annual accounts with figures on one time axispeak €46,286 (2020)
€36,999▲ 102%
lowest -€33,285 (2018)
€11,680▲ 12.9%
peak €28,383 (2016)
-€23,486▲ €11,680
€139,787▲ 0.8%
Board4 names since 2015
1 directorASSEM Adnan
Documentsfilings and deeds
30-09-202561 days late
2024micro format
Gross margin from €18,302 to €36,9991 director appointed, 2 resignations 23-09Resignation: AL BADAOUI Ouarda (director) 11-01Equity from -€35,166 to -€23,486Cash from €24,545 to €79,118
Key points
from the 2024 annual accountsChecked score
55
Fair
Financially stronger than 48% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.6%highest value
01-2025: 1.8%▼ -4.8 percentage points vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025
04-2025: 1.8%● unchanged vs 03-2025
05-2025: 1.7%▼ -0.1 percentage points vs 04-2025
06-2025: 1.6%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▼ -0.1 percentage points vs 06-2025
08-2025: 1.8%▲ +0.3 percentage points vs 07-2025
09-2025: 2.0%▲ +0.2 percentage points vs 08-2025
10-2025: 2.2%▲ +0.2 percentage points vs 09-2025
11-2025: 0.9%▼ -1.3 percentage points vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.8%▼ -0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.7%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026lowest value
08-2026: 0.9%▲ +0.2 percentage points vs 07-2026
09-2026: 1.1%▲ +0.2 percentage points vs 08-2026
10-2026: 1.2%▲ +0.1 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 07-10-2025)
lowers risk
Liquidity: current ratio 0.83, cash €79,118
Founded in 2011
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 14% of them on solvency, 52% on liquidity, 44% on profitability and 81% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as ASMO has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ASMO itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for ASMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.83 (0.75 in 2023), below 1. Short-term debt is 120.2% and cash 68% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 25554 sector peers (2024).
NBB · sector comparisonPosition among 25554 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 61 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
61 days late
2023
152 days late
2022
475 days late
2021
153 days late
2020
150 days late
2019
153 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 191 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0838716339
1 director appointed, 2 resignations
Resignations: ASSEM Mohammed and ASSEM Mostapha · Appointment: ASSEM Adnan · General meeting of 31-03-2024 · Gazette deed
Resignation: AL BADAOUI Ouarda (director)
General meeting of 26-10-2022 · Gazette deed
First establishment
Abdijstraat 106, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ASMO Antwerp | €116,302 | €36,999 | -20.2% | - |
| BERLINETTA S Bornem | €126,608 | €24,843 | 80.4% | - |
| LA BOYA Damme | €118,408 | €27,916 | 71.6% | - |
| MT@WORK Sint-Pieters-Leeuw | €106,316 | €37,775 | -39.1% | 0.6 |
| SHOES IN THE STREET Schaerbeek | €85,327 | €32,602 | 67.1% | - |
| SF AGENCY Boechout | €95,143 | €51,062 | 43.1% | - |
| KANNIKIEZE Heist-op-den-Berg | €83,998 | €24,575 | 35.4% | - |
These companies have the same main activity as ASMO: retail sale of footwear (NACE 47721). They are comparable in size and age: total assets between €84,000 and €127,000, founded between 2008 and 2015.
Official details
Source: KBO- Status
- Active since 23-08-2011Normal situation
- Activity
- Retail sale of footwearNACE 47721
- Joint committees
- 109Clothing and garment industry
- 201Independent retail · annual accounts 2024
- Establishment unit
- 2.204.661.5302020 Antwerp, since 01-01-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 21-12-2025
Annual accounts 2024
- ≈ €180,000estimated
- €116,302▲ 12.4%
- Employeeson 31-12-2024
- 1▼ 50.0%
- Filing
- Filed on 30-09-2025
Insights on ASMO
ASMO files the micro format. That format states no turnover. The gross margin rose from -€18,919 in 2012 to €36,999 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ASMO
- What is the company number of ASMO?
- The company number of ASMO is 0838.716.339. The VAT number is the same number with BE in front: BE 0838.716.339.
- Where is ASMO based?
- The registered office is at Abdijstraat 106, 2020 Antwerp.Company details
- What does ASMO do?
- According to the KBO register, the main activity is retail sale of footwear (NACE 47721).
- What is the legal form of ASMO?
- ASMO is a private limited company (pre-2019) (BVBA).
- When was ASMO founded?
- ASMO was founded on 23-08-2011.
- Is ASMO still active?
- Yes, ASMO is an active enterprise in the KBO register.
- How many employees does ASMO have?
- ASMO had an average of 1.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does ASMO fall under?
- In its 2024 annual accounts, ASMO states joint committees 109 (Clothing and garment industry) and 201 (Independent retail).
- What is the turnover of ASMO?
- The turnover in financial year 2024 is ≈ €180,000. This figure is estimated from the gross margin of €36,999 and 51 comparable companies (NACE 477). It probably lies between €96,000 and €320,000.
- Is ASMO profitable?
- In financial year 2024, ASMO made a profit of €11,680.
- Where can I find the annual accounts of ASMO?
- ASMO filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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